In 2013, Jared Tate launched DigiByte as a community-driven project, and in early 2014, the blockchain went online. It is a blockchain evidence-of-work that appears to be faster and more reliable than the Bitcoin network. In contrast to Bitcoin, DigiByte also calls itself ‘forward-thinking’ as it promotes smart contracts, decentralized applications, and the development of new digital assets. To ensure maximum protection and minimize the risks of mining centralization on the network, the network employs five proof-of-work algorithms. DGB is the DigiByte ecosystem’s native crypto token. As a means of global peer-to-peer transactions and a store of cash, the DGB functions. Out of the maximum supply of 21 billion DGB, there are over 13.85 billion DGB tokens in circulation as of the time of writing.
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